Paramount (US:PGRE) Deadline·2025-07-31 20:01Core Insights - Paramount Global reported significant financial improvements, including an 84% increase in theatrical revenue driven by "Mission: Impossible – The Final Reckoning," which grossed nearly $600 million globally [1] - The company experienced a 1% increase in total revenue to $6.85 billion, with direct-to-consumer (DTC) growth outpacing linear revenue declines [3] - Paramount+ ended the quarter with 77.7 million subscribers, reflecting a decrease of 1.3 million due to the expiration of an international hard bundle deal [4] Financial Performance - Theatrical revenue surged by 84% due to the success of "Mission: Impossible – The Final Reckoning" [1] - Total company revenue increased by 1% to $6.85 billion, with DTC profits showing a $131 million year-over-year improvement to $157 million [3] - The company achieved a profit of $57 million, a significant turnaround from a $5.4 billion loss in the same quarter last year [3] Streaming and Content Growth - Paramount+ saw strong subscription revenue growth, contributing to a 5% increase in affiliate and subscription revenue across the company [3] - The platform experienced a 26% increase in viewership compared to the first half of 2024, with CBS content driving nearly half of all viewing on Paramount+ [7] - Paramount+ had the most Top 10 SVOD Originals, ranking just behind the market leader [7] Merger and Leadership Changes - Paramount's merger with Skydance, valued at $8.4 billion, was approved by the FCC, with a planned closing date of August 7 [4] - The value of Paramount Class B shares in the merger agreement is set at $15, although shares have not traded at that level historically [8] - Co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins are expected to see leadership changes post-merger, with Cheeks remaining in the new company [9]